Subject: Re: [D-G] greshems's law
Date: Fri, 7 Jan 2005 09:42:06 -0800
To: deleuze-guattari-driftline.org-AT-lists.driftline.org


the haystacks that look like teeth?

On Jan 7, 2005, at 8:45 AM, Chapman wrote:

> Harald Wenk,
>
> Have you read Major Douglas on Credit? Same commotion but he's got it=20
> wired so that we don't think abt convertability in terms of grains,
> grass and minerals but in terms of transaction or consumption value.=20
> Money is acknowledged to be a form of credit, 'production of
> consumption.' The more it's used, the more value it accrues - nifty
> non? (bow and le-hold 'homus schizophrobeniuus is every name in
> history...')
>
> Sylvie, I understand your focus on raised northern chins. I was
> thinking that maybe the Bergsonism book would be useful. I can't read=20
> more than about thirty pages myself, but I think the big ideas about=20
> time and the experience of it are fronted for us in that work. Have
> you been to Longbeach, Or. , seen the haystacks?
>
> There's no state tax in Oregon.
>
> Chris Chapman
>
> -----Original Message-----
> From: deleuze-guattari-driftline.org-bounces-AT-lists.driftline.org
> [mailto:deleuze-guattari-driftline.org-bounces-AT-lists.driftline.org]On
> Behalf Of Dr. Harald Wenk
> Sent: Friday, January 07, 2005 11:23 AM
> To: deleuze-guattari-driftline.org-AT-lists.driftline.org
> Subject: [D-G] greshems's law
>
>
>
>
> ------- Weitergeleitete Nachricht -------
> Von: "Dr. Harald Wenk" <hwenk-AT-web.de>
> An: "Sylvie Ruelle" <sylvieruelle-AT-earthlink.net>
> Betreff: Re:Datum: Fri, 07 Jan 2005 16:28:23 +0200
>
> Hello,
>
> "Gresham's Law:
>
> observation in economics that =93bad money drives out good.=94 More
> exactly,
> if coins containing metal of different value have the same value as
> legal
> tender, the coins composed of the cheaper metal will be used for
> payment,
> while those made of more expensive metal will be hoarded or exported=20
> and
> thus tend to disappear from circulation. Sir Thomas Gresham, financial
> agent of Queen Elizabeth I, was not the first to recognize this
> monetary
> principle, but his elucidation of it in 1558 prompted the economist
> H.D.
> Macleod to suggest the term Gresham's law in the 19th century.
>
> Money functions in ways other than as a domestic medium of exchange; it
> also may be used for foreign exchange, as a commodity, or as a store of
> value. If a particular kind of money is worth more in one of these
> other
> functions, it willbe used in foreign exchange or will be hoarded rather
> than used for domestic transactions. For example, during the period
> from
> 1792 to 1834 the United States maintained an exchange ratio between
> silver
> and gold of 15:1, while ratios in Europe ranged from 15.5:1 to 16.06:1.
> This made it profitable for owners of gold to sell their gold in the
> European market and take their silver to the United States mint. The
> effect was that gold was withdrawn from domestic American circulation;=20
> the
> =93inferior=94 money had driven it out."
>
> In my eyes it is realted to simulacras.
> If it is not helpfull for you, forget about it.
>
>
> Greetings
>
> Harald Wenk
>
>
>
>
>
>
>
> Am Thu, 6 Jan 2005 19:22:49 -0800 schrieb Sylvie Ruelle
> <sylvieruelle-AT-earthlink.net>:
>
>> no.  what is it?
>>
>> On Jan 6, 2005, at 4:31 PM, Harald Wenk wrote:
>>
>>> Hello,
>>>
>>> Do you know Gresham's Law?
>>>
>>> Harald Wenk
>>>
>>> -- Erstellt mit Operas revolution=E4rem E-Mail-Modul: 
>>> http://www.opera.com/m2/
>>>
>>>
>> Ms. Sylvie Ruelle
>> http://home.earthlink.net/~sylvieruelle
>> rw_artette_lc-AT-yahoo.com
>>
>>
>
>
>
> --
> Erstellt mit Operas revolution=E4rem E-Mail-Modul:
> http://www.opera.com/m2/
>
> _______________________________________________
> List address: deleuze-guattari-AT-driftline.org
> Admin interface:
> http://lists.driftline.org/listinfo.cgi/deleuze-guattari-driftline.org
>
>
> _______________________________________________
> List address: deleuze-guattari-AT-driftline.org
> Admin interface:
> http://lists.driftline.org/listinfo.cgi/deleuze-guattari-driftline.org
>
>
Ms. Sylvie Ruelle
http://home.earthlink.net/~sylvieruelle
rw_artette_lc-AT-yahoo.com

_______________________________________________
List address: deleuze-guattari-AT-driftline.org
Admin interface: http://lists.driftline.org/listinfo.cgi/deleuze-guattari-driftline.org